The sell signal is probably false and probably sometime in the next two weeks, my indicators are going to turn positive. For that I will need few things, like the BP's closing well above recent low and even during a decline, holding above the 14 DMA. I will also need the EPC not to dip under about .5. (or the 50 DMA of the ISEE not to go above 200). The error in the signal is due to a number of parameters, first, I did not wait for a dip of the EPC under .5 (various reasons for that, but that was an error). I expected the BP to make a new low, or at least hold the crack of the 14 DMA, instead they turned and made a new recovery and are holding well above the 14 DMA. September is seasonally a weak month, but if the internals hold well during such a period, we may ahve a solid market for a while here, till election maybe? If the NAZ takes and hold the 200 DMA(at 2225), only some 30 Naz points from here, after some hesitation at the next resistance (2235 the February low, and the May highs), we could set the stage for a strong run to the 2400 area. Until I see how a retrench is handled, I cannot make a strong case one way or the other.
